Member News

CREA, LLC announced Anthony Richardson as the newest member of its syndications team. In this newly created position, Richardson will be responsible for New York Syndications; in addition, he will act as a liaison between the CREA’s Syndications and Acquisitions departments, the company said in a statement.

Red Stone Equity Partners, LLC announced three new additions to their management team.

National Equity Fund, Inc. (NEF) said it has named Mark Furey vice president of originations to lead NEF’s work with community-focused developers in the Southeast to structure deals, connect with capital and move forward with construction on Low Income Housing Tax Credit (LIHTC) projects. Furey was most recently director of acquisitions with Berkadia Affordable Tax Credit Solutions.

Kirk & Company COO Brett Pelletier has been appointed to the business and economics faculty at Salve Regina University in Newport, RI. Pelletier has been with Kirk & Company since 2005, and holds degrees from Bentley University, Bryant College and Harvard University.

Standard Communities, the affordable housing division of Standard Companies, said it has acquired Ritch Homes Apartments, located at 1420 and 1424 R Street NW, Washington, D.C.  The property consists of 42 rent-subsidized apartments for low income families. As part of a public-private partnership, Standard will add four units to the site as part of an […]

SCG Development announced the closing of Ovation at Arrowbrook Apartments, located in Herndon, VA. Ovation will be a $100 million mixed-use development located in close proximity to the future Innovation Center Silver Line Metro Station and the Center for Innovative Technology in Herndon, VA. The development will feature 274 affordable apartment homes with 38,000 square […]

National Equity Fund, Inc. (NEF), Metropolitan Atlanta Rapid Transit Authority (MARTA) and Morgan Stanley announced the launch of the $100 million Greater Atlanta Transit Oriented Affordable Housing Preservation Fund. The Fund will provide financing to multi-family property owners to help low-income families and individuals stay in their homes, and not be displaced as rents increase in transit-rich neighborhoods throughout the Greater Atlanta metropolitan area.

Enterprise Community Partners announced the promotion of David Edwards to chief information officer. In this role, Edwards will oversee the strategic direction and operational management of the information technology backbone for Enterprise, as well as the optimization of Enterprise’s business operations platforms, back-office solutions and core technology infrastructure.

DREAM Collaborative is a diverse and minority-owned architecture firm committed to bringing a broader perspective to the design process to better understand and serve the needs of our clients. We believe that a symphony of voices leads to more innovative thinking and ultimately to better business outcomes.

John Kelly, senior counsel and partner at Nixon Peabody International LLP, said he would retire as of Jan. 31. Kelly has more than 30 years of experience in affordable housing and has been a longtime advocate at both the state and federal level.

Vesta Corp. said its renovation of Park Yellowstone Apartment Homes in Houston was recently awarded the Texas Apartment Association’s Affordable Housing Redevelopment Award for creativity and innovation in affordable housing.

Enterprise Community Partners has named Judi Kende senior vice president and chief program officer of its Solutions division, which operates nationwide with program, policy, advisory and capacity-building arms at the national, state and local levels, the company said in a press release. The company said Kende will remain based in Enterprise’s New York City office […]